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People&Baby Seeks Financial Restructuring Amid Legal Scrutiny

The private daycare group People&Baby has initiated an accelerated safeguarding procedure at the Paris Commercial Court in an effort to restructure its finances and secure new funding. This decision follows over a year of financial difficulties and scrutiny regarding its practices. The management emphasizes the importance of protecting children, employees, and maintaining services while ensuring stability for its teams. A recent investigation by the Paris prosecutor’s office, triggered by a complaint from the Anticor association about alleged financial misconduct, adds to the company’s challenges.

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